1.  Except as otherwise provided in subsections 2 and 3, every vehicle dealer shall maintain an established place of business in this State which:

(a) Includes a permanent enclosed building, owned in fee or leased, with sufficient space to display one or more vehicles which the dealer is licensed to sell; and

(b) Is principally used by the dealer to conduct his or her business.

2.  Every used vehicle dealer, trailer dealer or semitrailer dealer shall maintain an established place of business in this State which has:

(a) Sufficient space to display one or more vehicles;

(b) Boundaries which are clearly marked; and

(c) A permanent enclosed building large enough to accommodate his or her office and provide a safe place to keep the books and other records of the business.

3.  A short-term lessor shall:

(a) Designate his or her principal place of business as the short-term lessors established place of business and each other location where the short-term lessor conducts business as a branch that is operated pursuant to the license for the principal place of business.

(b) Notify the Department of each branch at which he or she conducts business by filing, on forms provided by the Department, such information pertaining to each branch as required by the Department.

4.  Every broker shall maintain an established place of business in this State which is in a permanent building with sufficient space to accommodate his or her office.